Venice Token (VVV) experienced a sharp decline, falling over 10% in the past 24 hours and dropping below the critical $15 level. This downturn has weakened the token's short-term structure, as sellers regained control, pushing the price rapidly below the imbalance zone. Despite increased activity from retail traders and smaller whales, larger whales remained largely inactive, contributing to the fragile market sentiment.
The aggressive sell-off has left VVV struggling to stabilize, with bearish momentum persisting on the daily chart. While retail traders and smaller whales have attempted to absorb the sell-off, the absence of significant moves from larger whales has kept the market under pressure. Until VVV can convincingly reclaim the $15 level, sellers are likely to maintain control over the short-term momentum.
Venice Token Plummets Below $15 Amid Intense Selling Pressure
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